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Grizzly Bulls’ Billionaires Index

⬅ # 67 Dan Gilbert|# 69 Andrea Pignataro ➡

# 68 Low Tuck Kwong 

$27.1B

Real Time Net Worth
as of 5/13/2024
$131.2M (0.48%)

# 68 Low Tuck Kwong 

$27.1B

Real Time Net Worth
as of 5/13/2024
$131.2M (0.48%)
OccupationFounder and President, Bayan Resources
Source of WealthCoal
Age76
ResidenceJakarta, Indonesia
Marital StatusMarried
Children2
Age-Adjusted Net Worth$9.19B
Low Tuck Kwong
Low Tuck Kwong
Indonesia
Net worth: $27.1B

Self-Made Score 

Wealth History

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Biography

Overview

Low Tuck Kwong, known as the 'coal king,' is a Singapore-born billionaire and the founder of Bayan Resources, a prominent coal mining company in Indonesia.
In addition to Bayan Resources, he holds control over Metis Energy, a renewable energy company in Singapore, formerly known as Manhattan Resources.
Low also has significant interests in The Farrer Park Company, Samindo Resources, and Voksel Electric.
He is a supporter of SEAX Global, a company focused on building a submarine sea-cable system to enhance internet connectivity between Singapore, Indonesia, and Malaysia.
Born in Singapore, Low Tuck Kwong worked for his father's construction company during his teenage years before relocating to Indonesia in 1972 to explore better opportunities.
Initially, Low excelled as a building contractor, but his fortunes soared when he purchased his first coal mine in 1997.

Mining Industry Success

Known locally as the 'king of coal,' Low Tuck Kwong has become a dominant figure in the Indonesian coal-mining industry.
He serves as the President Director and CEO of Bayan Resources, a company he founded in 1972.
Bayan Resources, which went public in 2008, quickly expanded and is recognized as one of the lowest-cost mining companies in Indonesia.
As of now, the concession area for the mining reserves under Bayan Resources spans 126,293 hectares in East and South Kalimantan.
Low's journey in the mining industry began in 1972 after working at his father's construction company in Singapore and later making the move to Indonesia.

Diversified Business Interests

In addition to his success in the mining sector, Low Tuck Kwong has diversified his business interests.
He controls Metis Energy, formerly Manhattan Resources, a prominent renewable energy company based in Singapore.
Low also holds significant interests in The Farrer Park Company, Samindo Resources, and Voksel Electric, showcasing his involvement in various industries.

Entrepreneurial Journey

Low Tuck Kwong's entrepreneurial journey began with humble roots, working for his father's construction company in Singapore as a teenager.
In pursuit of greater opportunities, he moved to Indonesia in 1972 and initially thrived as a building contractor.
His significant breakthrough came in 1997 when he acquired his first coal mine, propelling him into the ranks of Indonesia's wealthiest individuals.

Technological Investment

Demonstrating a forward-looking approach, Low Tuck Kwong is backing SEAX Global, a company focused on developing a submarine sea-cable system.
This system aims to enhance internet connectivity between Singapore, Indonesia, and Malaysia, showcasing Low's interest in technological advancements and infrastructure development.

How long would it take you to become as rich as Low Tuck Kwong?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Low Tuck Kwong's net worth of $27.1B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

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Low Tuck Kwong is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Low Tuck Kwong, Coal is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey